Terms
Keeping track of income and expenses
What is Budgeting
Savings reserved for unexpected expenses.
What is Emergency fund.
An account used to pay your bills.
What is checking.
This card comes right out of your checking account.
What is Debit card.
Are emails a secure way to send secure information like checking accounts.
What is no.
Setting aside money for emergencies and future goals.
What is Savings.
Money set aside for the future.
What is savings.
The amount of income left after taxes.
What is net income or net pay.
List 2 positive things about having a credit card.
It can give you travel points, discounts, and its convenience.
Why should you carry the bare minimum in you wallet?
What is to prevent identity theft.
Smart spending differentiates between what 2 things.
What are wants and needs?
According to the 50, 30,20 rule what amount should go into savings?
What is 20%
Anything of value that can be converted to cash.
What is an asset.
A detailed report about your credit history prepared by a credit bureau.
What is a credit report.
What are 3 things that can lead to identity theft?
What is name with address, bank statements and credit card numbers.
A bank account that allows for easy access to your funds.
What is checking acccount.
What are 3 examples of wants.
What is clothing, video games, vacation, coffee, etc.
When someone uses your checking account without your permission.
What is fraud or identity theft.
A fixed charge for borrowing money.
What is interest.
What president is found on a coin and a bill?
What is Abraham Lincoln.
A type of loan used to buy real estate.
What is a mortgage.
What does IRA stand for?
What is Individual retirement plan.
When writing a check what do you write on the memo.
What is a reminder of what it was for.
What is the credit card grace period?
What is the period of time where they do not charge interest.
What are 3 things found on a credit card statement?
What is new balance, date and fees charged.